UPS, FedEx show support for US-EU trade pact

American package delivery giants United Parcel Service (UPS) and FedEx Express both lauded U.S. President Barack Obama’s announcement of the launch of talks for a comprehensive transatlantic trade and investment partnership between the United States and the European Union.

“A transatlantic partnership would open up new dynamic trade opportunities for small, medium, and large enterprises on both sides of the Atlantic, while boosting U.S. exports and creating new U.S. jobs,” UPS said in a written statement.

The Atlanta-based delivery service company added that the President’s commitment to conclude the 2013 Trans-Pacific Partnership negotiations “will be equally significant in unleashing economic growth through trade and it will send a strong message of confidence to the global economy and markets.”

Similarly, Tennessee-based FedEx Express said it “strongly supports” the U.S.-EU joint announcement to pursue a transatlantic trade and investment partnership.

“By widening the doors of free trade across the Atlantic Ocean, we can provide greater opportunities for economic growth and jobs here at home,” said Michael Ducker, group chief operating officer and president.